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China's overnight Shibor interbank rate rises Monday

2019-08-26 11:29

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BEIJING, Aug. 26 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, gained 5.3 basis points to 2.639 percent Monday.

The seven-day Shibor edged up 1.8 basis points to 2.669 percent. The one-month rate went down 0.3 basis points to 2.66 percent, while the one-year rate shrank 0.1 basis points to 3.055 percent.

Shibor is a simple, no-guarantee, wholesale interest rate calculated by arithmetically averaging all the interbank RMB lending rates offered by the price quotation group of 18 commercial banks with a high credit rating, with the four highest and four lowest quotations excluded.
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